Aptiv PLC (NYSE:APTV) Receives $84.29 Consensus PT from Analysts

Shares of Aptiv PLC (NYSE:APTV) have been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $84.29.

A number of research firms have weighed in on APTV. Oppenheimer decreased their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Morgan Stanley lowered their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 1st. Robert W. Baird lowered their price objective on Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Barclays cut their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th.

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently bought and sold shares of APTV. Brown Brothers Harriman & Co. boosted its holdings in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Crewe Advisors LLC boosted its holdings in Aptiv by 94.7% during the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the last quarter. Wolff Wiese Magana LLC grew its position in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 155 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Aptiv in the 2nd quarter valued at about $38,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Aptiv during the 3rd quarter worth approximately $43,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Aptiv stock opened at $60.48 on Thursday. The stock has a 50-day moving average price of $57.96 and a two-hundred day moving average price of $65.88. Aptiv has a 12 month low of $51.47 and a 12 month high of $91.66. The company has a market capitalization of $14.21 billion, a PE ratio of 6.75, a P/E/G ratio of 0.59 and a beta of 1.78. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. Analysts expect that Aptiv will post 6.15 EPS for the current year.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.